Re: Corporate Update
in response to
by
posted on
Feb 19, 2009 07:49PM
Producing Mines and "state-of-the-art" Mill
Guess we don't even have until October to sort this mess out...
Not much to say. I'll be amazed if Gary Nash can pull off sufficient financing in this economic climate with a company that doesn't have any good prospects of generating positive cash flow any time soon.
We had to agree to brutal terms on the first financing... I can only imagine what the terms would be now. Kiss those few pennies of remaining equity goodbye. Wonder if we'll see 2 cent shares tomorrow.